Costa Rica 2018. Automotive industry fell down 20%
Costa Rica autos market in 2018 registered a disappointing trend. Indeed, the year ended with sales at 39.530, down 20% from the previous year.
Honduras. In 2018 the market kept recovering in double-digits
Honduras Vehicles Market in 2018 kept recovering from the 2016's sharp drop. Indeed, registrations ended the year at 12.974, up 10.8% from the previous year. Nissan held the market throne with 23.7% of market share, ahead of Toyota and Ford.
Puerto Rico 2018. Market fully after the hurricane devastation
Puerto Rico Autos Market recovered in the 2018 the sales lost in the previous year, when the country was devastated by an hurricane, and hit the 100k+ volume for the first time since the 2013. Toyota kept the leadership - with 27.3% market share - ahead of Hyundai and Nissan, while BMW enters the Top 10.
El Salvador 2018. Car market up a moderate 6.8%
El Salvador vehicles market in 2018 started recovering, after the 2017's awful performance. Indeed, the year ended with sales at 9.379, up 6.8%.
Bermuda 2018. Car market hit a new all-time record
Bermuda vehicles market is fueled by rent a car and tourism business, which account 28% of the national GDP. In 2018 the market hit the all-time record with 1.433 units, up 4.1%.
Guatemala 2018. Used cars import keeps penalizing the new vehicles sales
Guatemala vehicles market dropped down 3.5% in 2018 for the third year in a row. The new vehicles' market is experiencing a severe erosion due to the importation of used cars. Ford and Hyundai shine within the Top10, while the leadership is still held Toyota.
Panama 2018. Nissan shines in a market down in double-digit
Panama vehicles sales reported in the 2018 the second consecutive decline with total vehicles sales at 50.766 (including 242 HCVs), down 10.3%. Toyota kept the crown, with market share stable just over the 20% while Nissan boomed taking the third place, between Hyundai - second - and Kia -third -.
Nicaragua 2018. Toyota held 24% of a stable market
Nicaragua vehicles market in 2018 was flat. Indeed, the year ended with sales at 11.588. Toyota held the market throne with 24% of market share - losing over 7 points of share since 2015 - followed by Nissan with 14.9% and Hyundai with 9.8%.
Cuba 2017. Tourism sector launched the new cars market
Cuba vehicles market is born in the 2016 thanks to the rapid development of tourism sector and despite the huge prices for new and used vehicles, taking off from near zero to near 4k driven by public fleet for taxi and rental vehicles. The huge level of price is the limit to further market growth.
Belize 2017. Sales at record, 250% up in the last 5 years
Belize vehicles market in the 2017 hit the new all time record volume, 250% up from the level of 2012. The improved economic conditions are finally unleashing consumers to buy new cars rather than the usual pre-owned imported.
